Mergers & Acquisitions

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Deal Overview

Buyer:
Triple-S Management Corporation
Actual Acquirer:
Triple-S Vida, Inc.
Target:
Atlantic Southern Insurance Company
Deal Type:
Insurance Company
Insurance Sector
Life & Health
Agreement Date:
7/31/2013
Announcement Date:
7/31/2013
Announced Deal Value ($ M):
10.00
Announced Deal Value, As Reported ($ M)
NA
Status:
Completed
Announced Deal Value Per Share ($ )
NA
Completion Date:
11/7/2013

Consideration Breakout
Cash ($M) 10.0

Deal Pricing Ratios

Announcement Completion
Price / Earnings (x) NA NA
Price / Book (%) NA NA
Price / Statutory Net Income (x) NA NA
Price / Earnings (x) NM NM
Price / Capital & Surplus (%) NA NA
Price / Operating Income (x) NM 144.5
Price / Net Premiums Written (x) NA NA
Deal Terms
Description of Consideration

Triple-S Management Corp. paid approximately $10.0 million in cash to acquire Atlantic Southern Insurance Co. from North America Life Insurance Co.

Percent Acquired (%) 100.00
Accounting Method Acquisition
Merger of Equals? No
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA